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ICICI Bank Board: Who’s Who
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ICICI Bank Board: Who’s Who
Jun 1, 2018 3:02 AM

ICICI Bank on Friday denied media reports suggesting its Chief Executive Chanda Kochhar has been asked to go on a indefinite leave by the bank board, till the independent enquiry was on.

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"The ICICI Bank Board denies having asked Chanda Kochhar to go on leave. She is on her annual leave which was planned in advance. Further, the Board denies that it has appointed any search committee to find her successor,” the lender said in a statement.

Lets take a look at some of the key board members of the ICICI Bank. The information is as per company's website, 2017 annual report and Bloomberg data.

Chanda Kochhar, 56

Designation: Chief Executive Officer, MD & Executive Director

Stake: 0.04%

Took office: 2009

Term expires: March 31, 2019

Background: Began her career, with the erstwhile ICICI Limited in 1984 and was elevated to the Board of Directors of ICICI Bank in 2001. From 2007 to 2009, she was the Joint Managing Director & Chief Financial Officer of the Bank. She was elevated as the Managing Director & CEO of ICICI Bank in 2009. Ranked 10th in the list of 'Most Powerful Women in Business' by Fortune.

Annual compensation: Rs 7.9 crore

N.S. Kannan, 52

Designation: Executive Director

Stake: 0.01%

Took office: 2009

Term expires: 2019

Background: Finance, Treasury, Corporate Legal, Operations among others. Kannan served as the Chief Financial Officer and an Executive Director of ICICI Bank Ltd. from May 1, 2009 to October 25, 2013.

Annual compensation: Rs 5.4 crore

Vishakha Mulye, 48

Designation: Executive Director

Stake: 0.01%

Took office: 2016

Background: Head of Wholesale Banking Group. Mulye served as the Chief Executive Officer of ICICI Venture Funds Management Company Limited since April 21, 2009 until December 1, 2015 and Managing Director since 2009 until December 1, 2015.

Vijay Chandok, 49

Designation: Executive Director

Stake: 500 shares

Background: SME business, Commercial banking and International Banking Group. Chandok is also responsible for the international banking business of ICICI Bank Limited. He served as the Chief Executive Officer and Managing Director of ICICI Bank Canada Ltd. since April 13, 2010.

Annual compensation: Rs 5 crore

Anup Bagchi, 46

Designation: Executive Director

Took office: 2017

Background: Heads retail banking group. Bagchi served as the Chief Executive Officer and Managing Director of ICICI Securities Limited from May 1, 2011 to October 31, 2016, where he led capital raising by corporates.

Annual compensation: Rs 2 crore

M. K. Sharma, 70

Designation: Chairman and Independent Director

Stake: 50,000 shares

Background: Previously, Vice-Chairman of Hindustan Unilever Limited. He holds Bachelors Degree in Arts and Bachelors of Law Degree from Canning College University of Lucknow. He completed Post Graduate Diploma in Personnel Management from Department of Business Management, University of Delhi and Diploma in Labour Laws from Indian Law Institute, Delhi. In 1999, he was nominated to attend Advance Management Programme at Harvard Business School.

Uday Chitale, 68

Designation: Independent Director

Took office: 1997

Background: Senior partner of M/s M. P. Chitale & Co., Chartered Accountants. He had been on the Board of ICICI Bank between August 21, 1997 to August 20, 2005. He is on the board of several companies including the Bank’s subsidiaries, ICICI Lombard General Insurance Company Limited and ICICI Prudential Pension Funds Management Company Limited

Dileep Choksi, 68

Designation: Independent Director

Took office: 2013

Shareholding: 2,500 shares

Background: Formerly the Joint Managing Partner of Deloitte in India. Choksi is a qualified Chartered Accountant and has over 35 years of professional experience. In the field of banking, he has held the positions of director and member of advisory boards. He has dealt with multinational corporations and leading national enterprises. He is presently also a non-executive Director on ICICI Home Finance Company Limited, a subsidiary company of ICICI Bank.

First Published:Jun 1, 2018 12:02 PM IST

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